The Reserve Bank of India (RBI) has advised the people not to fall in the traps of fly-by-night operators. These operators are offering fraudulent offers to the people through e-mails, posts and couriers. The all also engaged in providing fictitious offers of winnings in lottery and money in the stock market. The bank has received number of complaints from various organizations, schools, exchange entities and individuals.

In a usual practice, such fraudulent operators’ demands account details of the individuals. They generally inform internet users and mailed them in their inbox. They also provide them some proofs of legal documents and account details.

The apex bank has already banned participation in lottery schemes under the Foreign Exchange Management Act, 1999. The bank has also scrapped the price of printing paper for currency notes. The per-unit printing cost is likely to fall significantly following the decision of the apex bank.